34 / 255 Relevant items tagged with #Cryptocurrency
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Bitwise Plans ETF Merger, Aims to Launch Momentum-Based Bitcoin and Ether Fund
[Oct 5, 2024 4:45 PM] Asset manager Bitwise has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to merge three bitcoin and ethereum futures exchange-traded funds (ETFs) into a single fund. This new fund will utilize a momentum-based strategy…
Washington State Accuses 2 Cryptocurrency Platforms of Defrauding Investors
[Oct 5, 2024 10:30 AM] Two cryptocurrency platforms face allegations of fraud by Washington State’s Department of Financial Institutions. Both companies allegedly lured investors with promises of huge returns, but later blocked withdrawals and demanded extra fees. An…
Ethereum Inflation Surge Casts Doubt On “Ultrasound Money” Claim: Report
[Oct 5, 2024 9:00 AM] According to the latest Binance Research report, the Ethereum (ETH) issuance rate continued to rise in September 2024, raising concerns about the digital asset’s “ultrasound money” claim. Ethereum Issuance Rate Continues To Surge In its October…
4 Arrests, Sanctions Follow Global Operation Against Lockbit Group
[Oct 5, 2024 8:30 AM] Europol and multiple countries have taken a significant step against the notorious Lockbit ransomware group with four key arrests and international sanctions. A collaborative effort between France, the UK, and Spain led to the detainment of…
New York Man Pleads Guilty in Crypto-Fueled $25M Money Laundering Case
[Oct 5, 2024 7:30 AM] The U.S. Attorney’s Office and the FBI announced on Friday that Yanbing Chen, a 30-year-old from Brooklyn, N.Y., pleaded guilty to his involvement in an international money laundering and drug trafficking conspiracy. The organization, led by…
Institutional Investors Predict Surge in Digital Asset Fund Launches, Research Finds
[Oct 5, 2024 5:30 AM] Institutional investors and wealth managers anticipate a sharp increase in digital asset fund launches, with 70% of those surveyed expecting a rise over the next 12 months, according to new research by Nickel Digital Asset Management. 92% of…
UK Finance Publishes Report on Successful Regulated Liability Network
[Oct 5, 2024 4:30 AM] The various use case tests conducted by UK Finance in partnership with Quant, R3, DXC Technology, and Coadjute found that the Regulated Liability Network could unlock new functionalities for the UK’s financial system. The report also states…
US Government Seeks Forfeiture of 200,000 USDT Tied to Bitcoin Theft in Ohio
[Oct 5, 2024 2:30 AM] The U.S. government is taking legal action to seize 200,000 tether (USDT), worth $200,000, linked to a major cryptocurrency fraud. The funds, converted from stolen bitcoin, could soon be returned to the Ohio victim after a forfeiture trial…
Bitcoin Gains Expected as US Jobs Data Drives Fed Rate Cuts, Analyst Says
[Oct 5, 2024 1:30 AM] A researcher from 21shares has offered an analysis of how bitcoin’s price could respond to the U.S. jobs report. The analyst indicates that BTC prices could increase if the Federal Reserve reduces interest rates. These rate cuts, which are…
Standard Chartered Sees Buying Opportunity as Bitcoin Nears $60K Dip
[Oct 5, 2024 12:30 AM] Standard Chartered has cautioned that bitcoin could drop below $60,000 due to rising geopolitical tensions in the Middle East. While the bank sees this as a buying opportunity, it also highlights the unique relationship between BTC’s price…
Who was Len Sassaman, and why might HBO think he is Satoshi Nakamoto?
[Oct 5, 2024 12:28 AM] The late cryptographer and privacy advocate is in the spotlight because bettors on Polymarket think he may be identified as Satoshi Nakamoto.
Russian Bitcoin Mining Industry Could Surpass the U.S. in 2 Years
[Oct 4, 2024 11:30 PM] Igor Runets, owner and CEO of Bitriver, commented on the growth potential of the Russian bitcoin mining industry following the approval of the mining law in the country. Runets stated that, due to the several advantages provided by the law, the…
BBVA to Launch Visa-Backed Euro-Pegged Stablecoin Next Year
[Oct 4, 2024 10:30 PM] BBVA, one of Spain’s largest financial institutions, has announced plans to launch its stablecoin product by 2025. The organization is currently in the sandbox stages and will be developed in partnership with credit giant Visa as part of one…
Bitcoin Miner Terawulf Offloads 25% Stake in Equity to Bolster AI and HPC Operations
[Oct 4, 2024 4:35 PM] Bitcoin miner Terawulf Inc. has completed the sale of its 25% stake in the Nautilus Cryptomine joint venture for approximately $92 million. The company said this week that it intends to use the proceeds to expand its high-performance computing…
Polymarket Bettors Place Their Wagers: Will HBO Reveal Satoshi Nakamoto?
[Oct 4, 2024 3:46 PM] After the announcement that Satoshi Nakamoto’s true identity could be unmasked next week in an HBO documentary, Polymarket bettors are buzzing with excitement, speculating who it might be. On Friday, with $190,533 wagered, Len Sassaman…
Bitcoin Nears $62K as Crypto Rebounds on Jobs Report and Rate Cut Hopes
[Oct 4, 2024 2:20 PM] On Friday, the global crypto market saw a boost in value, with bitcoin (BTC) climbing 2.29%, approaching the $62,000 mark at 9:30 a.m. EDT. Ethereum (ETH) joined the upward trend, gaining a more modest 1.6%, pushing toward the $2,400 level. Bitcoin…
Inflation, Dollar Shortage Fuel Stablecoin Use in Sub-Saharan Africa
[Oct 4, 2024 9:30 AM] Stablecoins are surging in popularity across Sub-Saharan Africa, accounting for 43% of crypto transactions compared to bitcoin’s 18.1%. This trend is driven by the instability of local currencies and limited access to US dollars. Businesses…
Nubank Lowers Cryptocurrency Trading Fees
[Oct 4, 2024 7:30 AM] Nubank, the Latam-focused fintech company, recently lowered its cryptocurrency trading fees from 0.8% to 0.6% for each transaction completed. The platform allows for purchasing and selling 15 different cryptocurrencies, including bitcoin (BTC)…
Bitcoin Price Dip Explained: Key Causes And Where To Expect A Bounce Back To $70,000
[Oct 4, 2024 6:30 AM] Bitcoin (BTC) recently appeared poised for significant upside momentum and has experienced a notable price correction. Following a two-month high of $66,500 last Friday, the cryptocurrency retraced approximately 6% in the past week to around…
Ethereum Solo Staking Made Easier? Vitalik Buterin Supports Lower Entry Requirements
[Oct 4, 2024 5:00 AM] Ethereum (ETH) co-founder Vitalik Buterin advocates reducing the ETH solo staking requirement to lower the entry barrier and promote greater network decentralization. Buterin Sees 32 ETH Requirement As A Barrier Responding to Ethereum educator…
Russia-Based Evil Corp Faces New US Sanctions
[Oct 4, 2024 3:30 AM] The U.S. Treasury has sanctioned members of Russia’s Evil Corp in collaboration with the UK and Australia, continuing a crackdown on cybercriminals. Targeting seven individuals, the group is infamous for deploying Dridex malware and Bitpaymer…
Dogecoin Should Reclaim $0.11 Soon Otherwise This Will Happen—Analyst
[Oct 4, 2024 2:30 AM] Dogecoin (DOGE), the meme-based cryptocurrency, has recently seen a sharp decline in price following a short rally to $0.12 last week. Amid this plunge in price performance, prominent crypto analyst Ali has identified key levels where its price…
DOJ Charges 21-Year-Old in $37M Cyber Intrusion and Crypto Heist
[Oct 4, 2024 2:30 AM] A 21-year-old from Indiana has pleaded guilty to cyber intrusion and cryptocurrency theft in a massive scheme targeting hundreds of victims. His actions involved stealing personal data and cryptocurrency worth over $37 million, with law enforcement…
JPMorgan: Gold and Bitcoin Surge as Debasement Trade Gains Momentum
Ripple Boosts Cross-Border Transactions in Brazil With New Payment Solution
[Oct 3, 2024 11:30 PM] Ripple is expanding its digital payments service in Brazil, partnering with Mercado Bitcoin to offer faster, cheaper cross-border transactions. This move positions Ripple Payments as a key player in the region’s crypto landscape, helping businesses…
Bukele Advises Argentine Vice President on Bitcoin and Volcano Bonds
[Oct 3, 2024 10:30 PM] During his official visit to Argentina, Bukele met with Victoria Villarruel, the nation’s vice president, to discuss cryptocurrency and the Salvadoran experience with Bitcoin. While the meeting was private, a video released before the meeting…
BRICS Unified Exchange to Leverage Blockchain and Virtual Currency for Settlements
[Oct 3, 2024 9:35 PM] Deputy Chairman of the State Duma Alexander Babakov proposed creating a unified BRICS exchange using blockchain and virtual currency for inter-bloc settlements. Babakov stated that such an organization “will be the key to the economic…